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Capula Management Portfolio holdings
AUM
$14.1B
1-Year Est. Return
19.14%
This Fund
S&P 500
This Quarter
Est. Return
+12.86%
1 Year Est. Return
+19.14%
3 Year Est. Return
+85.66%
5 Year Est. Return
+76.65%
10 Year Est. Return
+131.38%
AUM
$10.8B
AUM Growth
-$7.21B
(-40%)
Cap. Flow
-$9.02B
Cap. Flow
% of AUM
-83.79%
Top 10 Holdings %
Top 10 Hldgs %
86.03%
Holding
894
New
215
Increased
99
Reduced
276
Closed
265
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$578M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$113M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$97.4M |
| 4 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$58.9M |
| 5 |
K
Kellanova
K
|
+$28.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.43B |
| 2 |
NVIDIA
NVDA
|
+$693M |
| 3 |
Strategy Inc
MSTR
|
+$473M |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$241M |
| 5 |
Uber
UBER
|
+$169M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 0.58% |
| 2 | Financials | 0.52% |
| 3 | Consumer Discretionary | 0.38% |
| 4 | Consumer Staples | 0.33% |
| 5 | Healthcare | 0.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
776
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-13,638
| Closed | -$8.43M |
|
|
CALY
777
Callaway Golf Company
CALY
$3.26B
| – | – |
-44,404
| Closed | -$293K |
|
778
CALL
Marvell Technology
MRVL
$174B
| – | – |
-221,800
| Closed | -$13.7M |
|
779
Morgan Stanley
MS
$337B
| – | – |
-2,232
| Closed | -$274K |
|
780
Microsoft
MSFT
$2.84T
| – | – |
-17,272
| Closed | -$7.5M |
|
781
Micron Technology
MU
$1.04T
| – | – |
-16,938
| Closed | -$1.58M |
|
782
Norwegian Cruise Line
NCLH
$8.89B
| – | – |
-16,462
| Closed | -$312K |
|
783
CALL
Newmont
NEM
$98.2B
| – | – |
-4,800
| Closed | -$232K |
|
|
784
Newmont
NEM
$98.2B
| – | – |
-6,188
| Closed | -$299K |
|
|
785
PUT
Newmont
NEM
$98.2B
| – | – |
-4,900
| Closed | -$237K |
|
786
CALL
Cloudflare
NET
$93B
| – | – |
-1,500
| Closed | -$169K |
|
|
787
Cloudflare
NET
$93B
| – | – |
-1,109
| Closed | -$125K |
|
|
788
PUT
Cloudflare
NET
$93B
| – | – |
-2,800
| Closed | -$316K |
|
789
Ingevity
NGVT
$2.55B
| – | – |
-6,494
| Closed | -$257K |
|
790
ServiceNow
NOW
$102B
| – | – |
-5,810
| Closed | -$1.1M |
|
791
NerdWallet
NRDS
$584M
| – | – |
-21,284
| Closed | -$193K |
|
792
NETSCOUT
NTCT
$2.86B
| – | – |
-11,866
| Closed | -$249K |
|
|
793
NVIDIA
NVDA
$5.01T
| – | – |
-5,503,990
| Closed | -$693M |
|
794
VanEck Oil Services ETF
OIH
$2.06B
| – | – |
-4,719
| Closed | -$1.24M |
|
795
Okta
OKTA
$24.1B
| – | – |
-25,698
| Closed | -$2.7M |
|
796
ON Semiconductor
ON
$33.8B
| – | – |
-17,930
| Closed | -$730K |
|
|
797
PUT
ON Semiconductor
ON
$33.8B
| – | – |
-22,900
| Closed | -$932K |
|
798
Opko Health
OPK
$921M
| – | – |
-182,512
| Closed | -$303K |
|
799
Oracle
ORCL
$331B
| – | – |
-17,354
| Closed | -$2.8M |
|
|
ORGN
800
DELISTED
Origin Materials
ORGN
| – | – |
-1,337
| Closed | -$26.6K |
|
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Capula Management's Q2 2025 Portfolio in Review
As of Q2 2025, Capula Management held 894 positions worth $10.8B, down 40% from $18B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Capula Management withdrew a net $9.02B in Q2 2025, closing 265 positions and reducing 276 holdings. Its most notable exit was NVIDIA, an estimated $693M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 0.58% of assets, down from 0.99% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Capula Management opened a new position in Blueprint Medicines worth $20M.
- Capula Management's largest Q2 2025 buy was Blueprint Medicines: 156,114 shares worth $20M.
- Capula Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $578M increase.
- Capula Management's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.43B.
- Capula Management fully exited NVIDIA in Q2 2025, selling an estimated $693M.
- Capula Management's ten largest holdings make up 86% of its $10.8B portfolio in Q2 2025.
- Capula Management opened 215 new positions and closed 265 in Q2 2025.
- Capula Management's portfolio value fell 40% quarter-over-quarter to $10.8B.
Based on Capula Management's 13F filing for Q2 2025, filed 13 Aug 2025.